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US Crude Throughput Rises, Gasoline Production Drops, as Inventories Rise More than Anticipated

Oil

US crude oil refinery throughput was at 15.172M b/d during the week ending September 15, 2017, up 7.8% w-o-w but down 8.5% y-o-y, according to the US Energy Information Administration (EIA). Meanwhile, crude oil inventories rose by 4.6M barrels w-o-w at 472.8M barrels. This is a 0.98% increase w-o-w and 0.25% decrease on a y-o-y basis. Inventories of motor gasoline fell by 0.96% or 2.1M barrels w-o-w , right after the biggest drop on record in the week ending September 8, when stocks declined by 8.4M barrels as USG refineries were battered by Hurricane Harvey.